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$500

Vendor Management Services

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About this service

Vendor Management Services (VMS) are a group of services that are designed to reduce costs, improve vendor performance and also identify and manage risk. Whether you need to assess identify the right vendor for a new IT Project, measure current vendor performance, manage procurement or oversee the entire lifecycle of IT contracts, we can help. TG Consulting services can can help you to optimize your vendor agreements. Because we have no financial interest in vendor selection, our consulting services focus entirely on strategic and ongoing operational value. Even in exacting environments that involve a variety of user workflows and vendors, we can adapt, work within your organization to refine processes when necessary and deliver results.

Procurement Documentation

Procurement involves two entities, a vendor and a client. The client has to specify clearly what their requirements are from the IT solution and other expected terms and conditions. These requirements and terms and conditions must be clearly articulated in a very formal and concise documents. Such documents are referred as procurement documents. Hence procurement documents become the most important artefact in the procurement process. We help you to create and complete your request for proposals, request for quotes/information or terms of reference documents that captures exactly what you need and clearly specify purchasing needs. Book a consultation today to see if this service is the right one for your organization.

Vendor Contract Management

Managing vendor contracts can be time consuming and most importantly if not done right can cost your money. Need to measure current vendor performance, manage procurement or oversee the entire lifecycle of IT contracts? We can help.

Negotiating with vendors and completing the Master Agreement contract.
Identifying of opportunities to cut costs and enhance vendor terms. Enhanced management information feeds the purchaser with considerable information on costs, inventory and lapses between demand and delivery.
Evaluation of current vendors with respect to their performance, quality and pricing structures.
Managing the transition from one vendor to another, which can often result in a break of supplies and loss of income.
Monitoring and evaluation of vendor activities including quality and contractual and Service Level Agreement (SLA) compliance so that the vendors comply with agreed delivery times, invoicing procedures and pricing levels.
Identifying and monitoring risk, which is particularly important when being supplied from third world countries. Book a consultation today to see if this service is the right one for your business.

Vendor Evaluation & Selection

Digital Transformation can consume a significant amount of the companies budget. Additionally can play a crucial role in day-to-day operations that require long-term commitments . To ensure appropriate vendors are selected and facilitate optimal vendor performance, we help organizations in the following ways:

Develop requirements, manage bidding and vendor evaluation, and oversee negotiations and potential site visits.

Clearly define and establish optimal contracts, deliverables, costs, metrics and legal agreements
Transition in new vendors and provide efficient management of operations.

Efficiently transition out vendors, including transfer of knowledge and resources, when needed. Book a consultation today to see if this service is the right one for your business.

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